US Nonfarm payrolls rose by 199000 in December much below the forecast of 426000 (Positive for Euro). The unemployment dropped to 3.9% in Dec vs. an estimated 4.1% (Slightly positive for US dollar). The annual wage inflation came at 4.7%, compared to a forecast of 4.1% (Slightly positive for the US dollar).
Canada's employment data-
The Canadian economy has added 54.7K jobs in Dec vs. the 24.5K estimate (Positive for Canadian dollar).
The unemployment rate came at 5.9% vs a forecast of 6.0%. The pre-pandemic level was 5.7%. (Positive for Canadian dollar).
The near-term resistance is around 1.2750, a breach above targets 1.2800/1.2850/1.2900.On the lower side, immediate support stands around 1.2680; violation below will take the pair down to the next level 1.2650/1.2600/1.2560.
It is good to sell on rallies around 1.2730 with SL around 1.2780 for a TP of 1.2660.
